DUBLIN--(BUSINESS WIRE)--The "Aquaculture Market to 2027 - Global Analysis and Forecasts by Species, Nature, Culture Environment, and Geography" report has been added to ResearchAndMarkets.com's offering.
The global aquaculture market accounted for US$ 264,47 in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period 2019-2027, to account to US$ 509,743 Mn by 2027.
Aquaculture includes farming of fish, aquatic plants, algae, crustaceans, molluscs, and other organisms. Small-scale aquaculture market in developed and developing countries make critical contributions to employment. According to the FAO, aquaculture provides employment to more than over 41 million people globally. The vast majority of aquaculture activities are carried out in developing countries working in fish production.
Fish and other seafood species constituting an important source of nutrients for the poor and is among the cheapest form of animal protein. As most capture fisheries worldwide considered fully exploited or overexploited, aquaculture is considered as an important sector to meet rising fish demand, which will continue to increase with population growth, rising incomes and increasing urbanization. These factors are anticipated to boost the growth of the aquaculture market.
Aquaculture is significantly contributing to the production of fish, and the adoption of aquaculture is growing at a steady rate. The increase in demand for fish for human consumption is majorly meet by aquaculture, marine fisheries, and inland fisheries. However, an increase in fish production by inland and marine fisheries generate the situation of over fishing and impacts the environment.
Aquaculture owns huge potential for future expansion, and it is a great source of fish production. Government initiative and favorable policies play an important role in generating a suitable environment for entities involved in aquaculture. This further provides a lucrative opportunity for the key players operating in the aquaculture market.
Government of India has formulated the Centrally Sponsored Scheme Development of Inland Fisheries and Aquaculture' in order to create a scope for ricers & canals, ponds & tanks, lakes, and other water bodies for the development of fisheries to support food security. It also offers employment opportunities and develops a socioeconomic status for fishers and other entities present in the sector.
Additionally, China has become a member of World Trade Organization (WTO) that ensures the strengthening of aquaculture sector including processing and production subsectors which also helps to increase the share of China's aquaculture sector in international markets. Thus, the aforementioned factors depict that favorable government initiatives are boosting the growth of the global aquaculture market.
Some of the players present in global aquaculture market are Bakkafrost, Blue Ridge Aquaculture, Inc., Cermaq, Group AS, Cooke Aquaculture Inc, Danish Salmon A/S, Farallon Aquaculture Group, FIFAX AB, HESY Aquaculture B.V, Lery, Mowi ASA, NIRI AS, Selonda Aquaculture SA, Stolt-Nielsen Limited, TASSAL, and Thai Union Group PCL, among others.
Key Topics Covered
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
1.3.1 Global Aquaculture Market - By Species
1.3.2 Global Aquaculture Market - By Nature
1.3.3 Global Aquaculture Market - By Culture Environment
1.3.4 Global Aquaculture Market - By Geography
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. Aquaculture Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 Middle East and Africa PEST Analysis
4.2.5 South America PEST Analysis
4.3 Expert Opinions
5. Aquaculture Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Surge in demand and consumption of sea food
5.1.2 Favourable Government Initiatives Boosting the Adoption of Aquaculture Globally
5.2.1 Harmful Impact on the Environment
5.3.1 Implementation of RAS technology
5.4 Future trends
5.4.1 Application of fish oil in several industries is expected to boost the demand for aquaculture
5.5 Impact Analysis of Drivers and Restraints
6. Aquaculture- Global Market Analysis
6.1 Global Aquaculture market Overview
6.2 Global Aquaculture market Forecast and Analysis
6.3 Market Positioning - Global Top 5 Players Ranking
7. Global Aquaculture Market Analysis - By Species
7.2 Global Aquaculture Market Breakdown, By Species, 2018 & 2027
7.3 Aquatic Plants
7.7 Other Species
8. Global Aquaculture Market Analysis - By Nature
8.2 Global Aquaculture Market Breakdown, By Nature, 2018 & 2027
8.3 Land Based
9. Global Aquaculture Market Analysis - By Culture Environment
9.2 Global Aquaculture Market Breakdown, By Culture Environment, 2018 & 2027
9.3 Fresh Water
9.4 Brackish Water
10. Aquaculture Market - Geographical Analysis
10.2 North America Aquaculture Market Revenue and Forecasts to 2027
10.3 Europe Aquaculture Market Revenue and Forecasts to 2027
10.4 Asia-Pacific Aquaculture Market Revenue and Forecasts to 2027
10.5 Middle East and Africa Aquaculture Market Revenue and Forecasts to 2027
10.6 South America Aquaculture Market Revenue and Forecasts to 2027
11. Industry Landscape
11.1 Merger & Acquisition
11.2 Corporate Communication
11.3 Key Financial Ratios of Companies
12. Company Profiles
12.2 Blue Ridge Aquaculture Inc.
12.3 Cermaq Group AS
12.4 Cooke Aquaculture Inc.
12.5 Danish Salmon A/S
12.6 Farallon Aquaculture Group
12.7 FIFAX AB
12.8 HESY Aquaculture B.V.
12.10 Mowi ASA
12.11 NIRI AS
12.12 Selonda Aquaculture S.A.
12.13 Stolt-Nielsen Limited
12.15 Thai Union Group PCL
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